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Oil Industry Faces Price War and Policy Headwinds
Energy analyst Fine says U S crude has fallen from 103 to 41.08 a barrel with break-even near 25 for prolific wells. He argues the downturn is a resource conflict and a price war driven by a market-share strategy amid hostile federal policy under President Obama. Oil supporters in West Texas and New Mexico voice similar concerns.
MENTIONED IN THIS ARTICLE
United States
Fine
Seeee
West Texas
Permian
U.S
Barack Obama
Washington
Obama
New Mexico
John Yates Jr
Yates Petroleum Corp
Artesia
Daniel Fine
New Mexico Center For Energy Policy